Bad Condo Board?
So I just moved into a new condo a couple months ago. Silly us, we failed to talk to the neighbors and now that we've met them, we're discovering a whole lot of hostility between them and the board. Our neighbors think the board has been screwing around and embezzling money for the past 5 years (yes, they've tried to vote them out of office!). Other neighbors we met at the first (and so far only) meeting are just fine with things the way they are and refer to the others as something along the lines of the "Rebellion."
It seems to me that for their to be such serious allegations flying around that there must be something fishy going on. One neighbor is interested in hiring a lawyer, but says if that's done then the entire condo gets shut down and we'll all be paying mortgages on condos we can't live in (we live in Chicago).
So two questions:
One, what can be done aside from hiring an attorney?
Two, if it actually went to court, would we really not be able to live in our condos?